Reduced Losses

Underwriting

PayNet's unique data provides information to better understand the risk profiles of borrowers, helping to reduce losses or unnecessarily decline applicants.

"The main reason we chose to become a PayNet member was to improve underwriting while focusing on the ultimate goal of reducing losses. PayNet's competitive advantage would be their information and ability to give us more information than we had at the time. If you are in a similar business to Stearns Bank, I would recommend PayNet."

Joe Schluender, Credit Manager
Stearns Bank